If you expect the price of gas to fall within a week, you will Question 22 options:
A. decrease your future demand for gas, because the expected price is relatively lower.
B. decrease your future demand for gas, because the actual price of gas is relatively higher.
C. increase your present demand for gas, filling up the gas tank of your car as soon as possible.
D. decrease your present demand for gas, postponing going to the gas station until next week.
D. decrease your present demand for gas, postponing going to the gas station until next week.
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The more generous the amount of unemployment benefits, the
A) lower the opportunity cost of job search. B) shorter the time spent searching for a suitable job and the higher the opportunity cost of being unemployed. C) shorter the time spent searching until accepting a suitable job. D) higher the opportunity cost of job search. E) lower the natural unemployment rate.
In the scenario above, in Nash equilibrium
A) both firms cheat to produce more than the agreed amount. B) both firms comply with the agreement. C) one firm complies with the agreement while the other cheats to produce more than the agreed amount. D) both firms cheat to produce less than the agreed amount.
Why do you suppose that taxes are often used in place of effluent charges in order to combat pollution?
What will be an ideal response?
Calculating real GDP growth requires
A. adjusting GDP for changes in the CPI. B. estimating the GDP based on unadjusted price levels. C. adjusting GDP for changes in the price level of all the items that go into GDP. D. measuring the GDP with investment, government consumption and investment, and foreign trade.